California Attorney General Kamala Harris said she is rejecting the 50-state attorneys general settlement sent to states on Monday for review.

The Sacramento Bee reported this morning that the deal, brokered, in part, by Florida Attorney General Pam Bondi, falls short of California’s goals to hold lenders accountable for foreclosure wrongdoings.

“We’ve reviewed the details of the latest settlement proposal from the banks, and we believe it is inadequate for California,” said Harris’ spokesman Shum Preston. “Our state has been clear about what any multistate settlement must contain: transparency, relief going to the most distressed homeowners, and meaningful enforcement that ensures accountability. At this point, this deal does not suffice for California.”

Bondi’s office did not have an immediate response this morning. Florida’s attorney general served on a core committee of attorneys general trying to pen a deal with the banks for more than a year.

The deal, which has not been made public, allegedly would help nearly $1 million homeowners, who could see their mortgages lowered by an average of $20,000, according to the Associated Press.

California’s rejection could put the deal in jeopardy as major banks may not want to pursue a settlement without the nation’s largest foreclosure state left out.

Iowa Attorney General Tom Miller, who is leading the negotiations with the banks, sent out a statement Monday saying there would be no deal this week _ a key political week with Republican candidates campaigning in Florida and President Obama’s State of the Union Address on Tuesday

Miller spokesman Geoff Greenwood said they are not commenting on California’s rejection. Delaware Attorney General Beau Biden has also formally rejected the settlement.